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(New York Daily News)   "Wild Willie" Seeley, one of the 16 men who split a $450 Million Powerball jackpot says the money "has really been more of a curse than a blessing" and wishes he could go back to just getting a paycheck. So Willie, trade ya?   (nydailynews.com) divider line 170
    More: Followup, Donna Seeley, Powerball, New Jersey, oceans, Powerball jackpot, Ocean County, NBC News, Powerball winners  
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11531 clicks; posted to Main » on 26 Sep 2013 at 4:38 PM (28 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



170 Comments   (+0 »)
   
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2013-09-26 01:39:46 PM
When your cut of a $450 million payday is only $3.8 million, you probably shouldn't quit your job just yet.
 
2013-09-26 01:43:34 PM
The biggest problem is the Seeleys' newfound fame - A&E has been on hot pursuit for a reality show, and media outlets from around the country have been hounding him for interviews. Relatives that Wild Willie had never heard of are now calling asking for financial favors.

cdn.bikechatforums.com
 
2013-09-26 02:12:05 PM
$3.8 million?

Buy a few nice things, help out a few close friends/relatives and dump the rest into a savings account for retirement.

Book it. Done.
 
2013-09-26 02:39:04 PM
It's not the money that's a problem, it's your dumbass proclivity for sticking your face in front of a camera and announcing to very deadbeat you ever knew that you have money.

Shostie said it. Don't quit your job, pay off your debt, maybe buy some nice things, and plan for a happy retirement.
 
2013-09-26 02:57:10 PM
He'll be bankrupt or dead within five years.
 
2013-09-26 03:02:21 PM

Benevolent Misanthrope: It's not the money that's a problem, it's your dumbass proclivity for sticking your face in front of a camera and announcing to very deadbeat you ever knew that you have money.


Yep.  Change your phone numbers, delete your facebook accounts.  Switch over to unused or new e-mail accounts...And move.
 
2013-09-26 03:20:17 PM

UberDave: Benevolent Misanthrope: It's not the money that's a problem, it's your dumbass proclivity for sticking your face in front of a camera and announcing to very deadbeat you ever knew that you have money.

Yep.  Change your phone numbers, delete your facebook accounts.  Switch over to unused or new e-mail accounts...And move.


Also: Say "no"...a LOT.  There are some that are really down on their luck in this economy, but most are money-grubbing scumbags that see you as an easy mark.
 
2013-09-26 03:22:00 PM
I honestly think that the laws in NY and NJ should be changed to let people collect the winnings anonymously.  I can understand it happening in the 70s/80s, in the age of Facebook, Instagram, et. al. however, maybe it's best to make it optional.
 
2013-09-26 03:28:42 PM
These stories are valuable to people with brains that are still just dumb enough to buy lottery tickets.  I rarely ever buy one, but considering the kind of stuff I throw my money away on, every once in awhile tossing $4 towards a couple tickets doesn't seem so bad. Maybe twice a year.

First thing is to section off a flat dollar amount that you will blow frivolously. And not on subscriptions to shiat. Just toys, hardware, software, cars, houses, whatever. But no loans or mortgages.

Then you have to section off a flat dollar amount that you will give your friends and family. Make sure they know that they are competing with each other for their share of your winners.

The rest should be properly invested so that you can always draw a paycheck from the interest of your winnings.
 
2013-09-26 03:32:48 PM

jaylectricity: These stories are valuable to people with brains that are still just dumb enough to buy lottery tickets.  I rarely ever buy one, but considering the kind of stuff I throw my money away on, every once in awhile tossing $4 towards a couple tickets doesn't seem so bad. Maybe twice a year.

First thing is to section off a flat dollar amount that you will blow frivolously. And not on subscriptions to shiat. Just toys, hardware, software, cars, houses, whatever. But no loans or mortgages.

Then you have to section off a flat dollar amount that you will give your friends and family. Make sure they know that they are competing with each other for their share of your winners.

The rest should be properly invested so that you can always draw a paycheck from the interest of your winnings.


That's pretty much my thought process if I ever won a significant amount. 1) To invest 2) To family and friends 3) to fark around with/spending money.
 
2013-09-26 03:34:42 PM

naughtyrev: When your cut of a $450 million payday is only $3.8 million, you probably shouldn't quit your job just yet.


That's MORE than enough for me to never work again.  Just have to manage it properly.
 
2013-09-26 03:42:29 PM

Rwa2play: That's pretty much my thought process if I ever won a significant amount. 1) To invest 2) To family and friends 3) to fark around with/spending money.


My first visit is to a good accountant or lawyer. Somebody my family has trusted for years. If I won $10mil cash I would absolutely uses $100,000 to pay somebody to do all the paperwork to create LLC's and trust funds and whatever. I would give my friends and family a million dollars, based on how they treated me, not on how "dire" their situation was. And just put a million into an account with a debit card and use that to splurge. Everything else goes towards investments to either give me a good paycheck every month, or even if I wanted to start my own mini-empire. Buying a strip mall or all the houses in a new development or something like that.
 
2013-09-26 03:44:15 PM
And before I get accused of trolling, those numbers are arbitrary. And I don't mean that thee people that kiss my ass the most get the most money. I just mean that I'm a good judge of character and if people are nice to me, and they have a good plan for the money they want, I'll give it to them. And occasionally I'll give somebody money for something frivolous.
 
2013-09-26 04:04:59 PM

jaylectricity: Rwa2play: That's pretty much my thought process if I ever won a significant amount. 1) To invest 2) To family and friends 3) to fark around with/spending money.

My first visit is to a good accountant or lawyer. Somebody my family has trusted for years.


Not sure if it was you or another person on another thread similar to this one, but what they stated is that you should hire 1) a financial adviser, 2) a lawyer and 3) an accountant...and that they're not affiliated with each other.

If I won $10mil cash I would absolutely uses $100,000 to pay somebody to do all the paperwork to create LLC's and trust funds and whatever. I would give my friends and family a million dollars, based on how they treated me, not on how "dire" their situation was. And just put a million into an account with a debit card and use that to splurge. Everything else goes towards investments to either give me a good paycheck every month, or even if I wanted to start my own mini-empire. Buying a strip mall or all the houses in a new development or something like that.

I honestly would not mind taking the per year option if it's big enough.  That way I can budget what I have to do with the money properly and (at the same time) the threat of just spending the lump sum without looking where it's going is none.
 
2013-09-26 04:09:07 PM

jaylectricity: Rwa2play: That's pretty much my thought process if I ever won a significant amount. 1) To invest 2) To family and friends 3) to fark around with/spending money.

My first visit is to a good accountant or lawyer.



My first thing to do?  Let me think....

s21.postimg.org
 
2013-09-26 04:10:30 PM

Rwa2play: I honestly would not mind taking the per year option if it's big enough. That way I can budget what I have to do with the money properly and (at the same time) the threat of just spending the lump sum without looking where it's going is none.


I agree with that mostly, but I'm a bit paranoid, so I'd have to know that at least the money from the first few years would be enough if our banking/government situation fell apart. Then again, what's to say having cash or money in the bank would survive that same situation.
 
2013-09-26 04:30:53 PM

jaylectricity: Rwa2play: I honestly would not mind taking the per year option if it's big enough. That way I can budget what I have to do with the money properly and (at the same time) the threat of just spending the lump sum without looking where it's going is none.

I agree with that mostly, but I'm a bit paranoid, so I'd have to know that at least the money from the first few years would be enough if our banking/government situation fell apart. Then again, what's to say having cash or money in the bank would survive that same situation.


If the jackpot is at, near or over $200 million, I would think the first 3-5 checks alone would ensure that.  Still, I would agree with UberDave once you won: change your phone numbers, email address, and consider moving.

That begs the question: depending on the state authority, I wonder if they have some type of response team to help in certain situations with housing, etc.  Even for a fee, that would be helpful to some people trying to get their lives in order once they win.
 
2013-09-26 04:40:28 PM

Shostie: $3.8 million?

Buy a few nice things, help out a few close friends/relatives and dump the rest into a savings account for retirement.

Book it. Done.


This. Just having the peace of mind would be priceless.
 
2013-09-26 04:44:17 PM

Rwa2play: UberDave: Benevolent Misanthrope: It's not the money that's a problem, it's your dumbass proclivity for sticking your face in front of a camera and announcing to very deadbeat you ever knew that you have money.

Yep.  Change your phone numbers, delete your facebook accounts.  Switch over to unused or new e-mail accounts...And move.

Also: Say "no"...a LOT.  There are some that are really down on their luck in this economy, but most are money-grubbing scumbags that see you as an easy mark.


I would add "change your name" to something like John Smith.
 
2013-09-26 04:45:00 PM
If he likes getting regular amounts to use, he should set up a trust fund for himself. It's like an allowance. Either way, always get a financial planner to help you set up a way for you to keep your money safe and working for you. He or she will probably rip you off, but it's better in the long run than bungling the job yourself.
 
2013-09-26 04:45:37 PM
People are stupid when it comes to money. He'll be broke soon enough.

I once watched a 30 year old woman blow a $600,000 inheritance in 8 months with nothing to show for it.

/gawd, people are stupid
 
2013-09-26 04:46:01 PM

Benevolent Misanthrope: It's not the money that's a problem, it's your dumbass proclivity for sticking your face in front of a camera and announcing to very deadbeat you ever knew that you have money.


Unless things have changed you have to publicly accept your big fake check...and they can use your likeness and image (probably in perpetuity) as they (the lottery folks) see fit.  Don't like it, don't buy a ticket.
 
2013-09-26 04:47:41 PM
If I won the lottery my answer to people who want money is strip naked, bend over, because I'm gonna fark you in the ass and give you a hundred dollars. Every time you want more money just come on over, because I'm always in the mood to fark someone in the ass.
 
2013-09-26 04:47:42 PM

mjbok: Benevolent Misanthrope: It's not the money that's a problem, it's your dumbass proclivity for sticking your face in front of a camera and announcing to very deadbeat you ever knew that you have money.

Unless things have changed you have to publicly accept your big fake check...and they can use your likeness and image (probably in perpetuity) as they (the lottery folks) see fit.  Don't like it, don't buy a ticket.


It depends on the state.  Some states allow you to claim the money anonymously or thru a blind trust.
 
2013-09-26 04:47:55 PM
The sheer number of people that come out of the woodwork for handouts - whether they are related are not to the winner - seems to be one of the biggest issues.  I can believe that.  Of course, I would just up and disappear the moment my name had to be announced.

Which brings me to another point - why do some states allow anonymous winners, and others don't?

I would think for the safety of the big winners, you should be able to choose to remain anonymous to the general public.
 
2013-09-26 04:49:22 PM

Slaves2Darkness: If I won the lottery my answer to people who want money is strip naked, bend over, because I'm gonna fark you in the ass and give you a hundred dollars. Every time you want more money just come on over, because I'm always in the mood to fark someone in the ass.


images2.wikia.nocookie.net

That you, Trevor?
 
2013-09-26 04:50:05 PM
So what's the story here? A person with no money management skills is upset because they (currently) have money, and no money management skills?
 
2013-09-26 04:51:16 PM
dudespaper.com

Was this the winner?
 
2013-09-26 04:51:24 PM
I predict he'll end up spending $3 million of his $3.8 million in winnings on things like booze, coke, and hookers. The other $800,000 will probably be spent foolishly.
 
2013-09-26 04:51:52 PM
Hurley tried to warn ya
 
2013-09-26 04:52:50 PM

Krusty's Wench: The sheer number of people that come out of the woodwork for handouts - whether they are related are not to the winner - seems to be one of the biggest issues.  I can believe that.  Of course, I would just up and disappear the moment my name had to be announced.

Which brings me to another point - why do some states allow anonymous winners, and others don't?

I would think for the safety of the big winners, you should be able to choose to remain anonymous to the general public.


I think the main reason for that is for publicity for the lottery itself, they will put your image on their website and commercials, these days seems like just painting a target on you. Here in Maryland you can do it anonymous.
 
2013-09-26 04:52:53 PM
3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.
 
2013-09-26 04:53:02 PM
What a complete fraking failure.
 
2013-09-26 04:53:02 PM
If anyone calls asking for favors after my jackpot win I'm going to tell them 'I already spent all the money on your mom.' Then I'll laugh and hang up. A few minutes later they call back and I talk to them in Bane's voice and pretend it's a wrong number. I can't wait to win the jackpot.
 
2013-09-26 04:54:05 PM

TheShavingofOccam123: 3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.


And all the other winners.
 
2013-09-26 04:56:37 PM
What about his pirate ship? Is it still loaded with gold??
 
2013-09-26 04:56:49 PM

Krusty's Wench: The sheer number of people that come out of the woodwork for handouts - whether they are related are not to the winner - seems to be one of the biggest issues.  I can believe that.  Of course, I would just up and disappear the moment my name had to be announced.

Which brings me to another point - why do some states allow anonymous winners, and others don't?

I would think for the safety of the big winners, you should be able to choose to remain anonymous to the general public.


The lottery lobby is powerful. They like to parade their winners out in public because people begin to think, "If it can happen to them, it can happen to me too" which helps sell tickets. I'd think most people would choose to remain anonymous if they had the choice, but when the law is written to make the lottery companies happy, the winners have to reveal their identity.
 
2013-09-26 04:57:12 PM
Could be trouble...
www.lostisagame.com
 
2013-09-26 04:57:29 PM
Rwa2play:

If the jackpot is at, near or over $200 million, I would think the first 3-5 checks alone would ensure that.  Still, I would agree with UberDave once you won: change your phone numbers, email address, and consider moving.

That begs the question: depending on the state authority, I wonder if they have some type of response team to help in certain situations with housing, etc.  Even for a fee, that would be helpful to some people trying to get their lives in order once they win.


I don't really see why it causes so many people problems. After so many years of having these sort of things around you'd think folks would be better at managing it. Tell the people to go away and be done with it. No I don't do interviews, TV shows, donate or otherwise give to anyone asking. Heck outsource your phone number to some guy in Asia to tell them no.  I'm sure the hint would get across rapidly.
 
2013-09-26 04:57:42 PM
splitsider.com
At least he got to meet Jon Hamm.
 
2013-09-26 04:57:48 PM
this is why wealth distribution doesn't work.  Even when given a huge sum of money--by and large--poor people will continue to make the kinds of decisions that left them poor in the first place,
 
2013-09-26 04:58:10 PM

TheShavingofOccam123: 3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.


You automatically forfeit half of the money if you take the cash option.  Then the government takes it's 50%.  The you divide by 16 (# of winners).  Not much left after all of that.
 
2013-09-26 04:58:45 PM

TheShavingofOccam123: 3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.


If you take the up-front, one-time payout, it isn't the full amount, but rather how much money would have to be invested today to be worth that final amount in 20 years. So your starting point is substantially less than the final number, and then the the government takes roughly 46% of it.

Roughly.
 
2013-09-26 04:58:49 PM
Relatives that Wild Willie had never heard of are now calling asking for financial favors.


"Hello?"
"Hi, this is uncle Steve..."
"I dont have an uncle Steve [Boat air horn into the phone]"
 
2013-09-26 04:59:09 PM

you are a puppet: TheShavingofOccam123: 3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.

And all the other winners.


16 * 3.8 = 60.8.  So yeah, congratulations on your winnings, Uncle Sam.
 
2013-09-26 04:59:36 PM

TheShavingofOccam123: 3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.


It was split among a big group of him and his co-workers. Of his group, he's the most high profile because his look and his boisterous personality so he seems to be the de facto public face of that group.
 
2013-09-26 05:00:31 PM
The answer to requests for free money is no.

Pick and choose to whom you want to share.  Everyone else need not ask.  As far as all the unsolicited mail and sob stories, some of which may be legit....don't open them....just shred them.  Sucks to be a hard ass, but you can't save the world on 3.5 million.
 
2013-09-26 05:02:22 PM

JNowe: you are a puppet: TheShavingofOccam123: 3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.

And all the other winners.

16 * 3.8 = 60.8.  So yeah, congratulations on your winnings, Uncle Sam.


You realize it's possible for people who didn't work at that mechanic shop to also have matched six numbers?

Out of 450 million I'm guessing the winners divided around 175-200 mil.
 
2013-09-26 05:03:51 PM
$3.8 million?  Hell, no, I wouldn't quit my job.

1) Pay off student loans and other debt.
2) Buy a house (reasonable, not ridiculous, which in my area means $500K-$1M).
3) College fund for my toddler.
3) Give some to my parents to help their retirement.
4) Put the rest into my own retirement.

And that would pretty much speak for all of it.  So, hell no, I wouldn't quit my job.  Besides, I like my job.
 
2013-09-26 05:04:21 PM

JNowe: you are a puppet: TheShavingofOccam123: 3.8 million out of 450 million.

It sounds like somebody else was the real winner. Probably the feds, the state and local governments.

And all the other winners.

16 * 3.8 = 60.8.  So yeah, congratulations on your winnings, Uncle Sam.


Assuming the syndicate were putting in equally.
 
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